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Author Topic: Be careful buying alts right now  (Read 10774 times)
TelolettOm
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June 21, 2022, 09:36:36 PM
 #21

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Yes, the bearish season is still continuing. It will not end easily this year. Maybe there will be some market pump in a certain time, but I am not sure that the market will not be bearish again. The price of Bitcoin still has the probability to drop again like in the previous bearish era. And altcoins will be following.
For investing in altcoins? Well, this may be interesting, but I also think that we must be more selective and careful to choose the right one that has a higher chance to survive. then the price may go higher in the bullish season.
Investing in new altcoins? I don't think I will, it is too risky, like gambling, isn't it?

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June 21, 2022, 11:03:20 PM
 #22

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Some may only play the dump and pump market, and finally, a shit project will dump again.
This current market is something that is very unpredictable. Even the Bitcoin, the volatility is very high, and altcoins are following.
When we decide to buy altcoins during this bear market, it will have a higher risk. Moreover, if the coins or tokens are not top coins, new tokens, or low cap tokens. We still don't know if they can survive during this bearish market or not. As you said, fake pumps may also happen because of market manipulation of a certain coin. That is why we must be careful in analyzing the coins to buy, smart decisions wisely will be helpful.
I personally will only prefer top coins, but not all top coins may be worthy.

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June 21, 2022, 11:09:46 PM
 #23

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
There is no basis to demonstrate the power of your suggestion to prohibit someone from making a coin purchase. You are just bragging and if you want to get support then you should at least show some references. Whether it's in the form of market economic issues, politics or such as analysis of price movements within a certain period of time. If not supported, then what basis can make it strong?

.
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Juwel580
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June 22, 2022, 03:18:26 AM
 #24

The current market conditions are very bad so it is better not to invest now because if you invest you may lose your token. Investing in altcoin is now very risky.  You can be risk free Bitcoin price has come down a lot now from 67000 to 20000 now the market situation is a bit messy but investing is very difficult and risky so you have to consider everything and invest. Thank you.
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June 22, 2022, 04:34:25 AM
 #25

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.

Helpful advice, even though the market has almost bottomed out after the last drop but certainly will not rush to increase again, maybe the market will go sideways for a long time before starting to increase. At this point, we should stay out of the market and continue observing instead of catching the bottom at this time.
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June 22, 2022, 05:08:14 AM
 #26

I think, this is the best time to buy altcoins because the price has decreased to a level were investors can use any amount of money to purchase a huge amount of altcoins and wait for the price to hit higher before they can sell to achieve something good from their investment. Many altcoins are demonstrating some signs, that the price will soon increase higher for those that invested a huge amount of capital on altcoins few months ago to start smiling for what is about to happen in crypto market. It is never too late to buy altcoins, because the price is still low for both long term investors and short term investors to buy and hold for future purpose.

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June 22, 2022, 05:12:31 AM
 #27

I think, this is the best time to buy altcoins because the price has decreased to a level were investors can use any amount of money to purchase a huge amount of altcoins and wait for the price to hit higher before they can sell to achieve something good from their investment. Many altcoins are demonstrating some signs, that the price will soon increase higher for those that invested a huge amount of capital on altcoins few months ago to start smiling for what is about to happen in crypto market. It is never too late to buy altcoins, because the price is still low for both long term investors and short term investors to buy and hold for future purpose.

As long as you are doing your deeper research and you keep following the updates from the developing team, there's always a good success

that awaits to your investment, not easy, but it's still possible to pick the right asset both for long-term and short-term investment, you need

to focus and deal with the improvement that the team keeps providing and how the usages are getting the attention of more investors like you,

it will bring a decent amount of benefits when the market take turn and starts to rally back.
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June 22, 2022, 05:15:31 AM
 #28

The op is right, before buying anything now, you just gotta be extremely carefully. The market hasn't fully recovered. You might just get trapped.
I think generally buying alts is a dangerous venture which
Should treated with utmost caution

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June 22, 2022, 06:07:28 AM
 #29

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
You mean the bear market is still going on, indeed that's everyone's hope if that's what you mean.

What is clear today Bitcoin has gone to $20k yesterday it touched $21k, some analysis maybe what you say can be considered, the bear market is not the last.

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June 22, 2022, 06:14:31 AM
 #30

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
You mean the bear market is still going on, indeed that's everyone's hope if that's what you mean.

What is clear today Bitcoin has gone to $20k yesterday it touched $21k, some analysis maybe what you say can be considered, the bear market is not the last.
the situation is not very good. but for those who dare to trade in the current market conditions. small profits in a short time can be obtained.
assets like BNB and ETH also follow the movement of the BTC market. after we saw a slight improvement in the price of BTC yesterday, it finally had to be corrected again. This confusing situation could trap anyone in a bull trap. be careful, whoever dares to take the risk.



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June 22, 2022, 06:27:24 AM
 #31

If not now, when ? Did you know that 2019 was said to have destroyed the crypto market but became a turning point in the early revival of altcoins. if you continue to panic with the current conditions then when will you see the sunrise.
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June 22, 2022, 06:27:59 AM
 #32

Buying in parts could be a good idea if undecided.
For many investors, this looks like the bottom of it and I feel them as the purchasing urge may be coming. So I suggest buying in different parts to avoid full regrets. The bottom of Ethereum at the last bear was $230 if I remember correctly and I doubt it will come to that point again.
$1,100 for Ethereum (time of posting) is still too far from the last ATL but it's in a good position for buyers who are in a rush. You could be in the middle of everything and if the plan is long term then it's a good buy.

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June 22, 2022, 06:36:55 AM
 #33

This could actually be the best time to get altcoin especially as the prices are cheaper, but one has to be careful as there's a risk of the value dropping further. But when you're investing in a solid project like ethereum. You don't have to worry as the value would certainly increase more in the bull market. So be smart about investing to avoid getting burnt.
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June 22, 2022, 07:10:40 AM
 #34

If not now, when ? Did you know that 2019 was said to have destroyed the crypto market but became a turning point in the early revival of altcoins. if you continue to panic with the current conditions then when will you see the sunrise.
It's true and that's crypto which is not easy to predict so it's better to look at the future optimistically,
indeed seeing the current market for some people it will create panic and as long as the panic is still under control it is normal,
what is clear is that it is only a matter of time to see crypto come back

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June 22, 2022, 07:18:45 AM
 #35

When the market fully recovers you know it's a full recovery with a strong bull candles instead of being at the support level. I can see speculation about its strength since from +$17k to +$21k thinking the move is over, and entering any market at this point in time is working at a risky point.

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gunhell16
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June 22, 2022, 07:53:33 AM
 #36

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.

Where just starting for the bear market only, so this will take for a months or 1 year or more it depend in the situation.
There are a lot of altcoins nowadays, but not all of them are risky to buy, of course not. Because, there are still some of the
altcoins in which are good to buy in the market, and one of these are Matic, Bnb, Ripple, Ada, Trx, Dogecoin and more
something like that. But always remember that the cryptocurrency mostly are very volatile.


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mumang siat
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June 22, 2022, 07:56:27 AM
 #37

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
It could be that what you say is true, that the bear market is not over for now, but so far it is possible to buy potential coins, such as Ethereum, BTC and BNB, because the price comparison under normal conditions is quite far, so we can convert these purchases, if the market has returned to normal, and these purchases will also provide a very large return, if you and they make purchases at market conditions like now
CryptoYar
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June 22, 2022, 07:57:33 AM
 #38

It's too early for the bear market to be over,
Yes, it is not over yet. And probably it is fake-out or a relief rally whatever you call it. But the thing is the pain is not over yet.

I am saying this because many think we have hit the bottom when ethereum made it to 900$,  
No one can predict the bottom as everyone becomes bearish when price drops and the same people turn bullish when they see some greenry. At the end of the day, it's your money you should know what you doing with it. Don't listen to others.

Right now is not the right time to invest in altcoins because the price continues to decline and we don't know when the bear market will end yet, [..]
If you are investing with long term perspective then you don't need to worry about short term price declines. Because ETH is not going to zero at all.
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June 22, 2022, 08:05:23 AM
 #39

Buying in parts could be a good idea if undecided.
For many investors, this looks like the bottom of it and I feel them as the purchasing urge may be coming. So I suggest buying in different parts to avoid full regrets. The bottom of Ethereum at the last bear was $230 if I remember correctly and I doubt it will come to that point again.
$1,100 for Ethereum (time of posting) is still too far from the last ATL but it's in a good position for buyers who are in a rush. You could be in the middle of everything and if the plan is long term then it's a good buy.

Agree! if you are planning for long-term investment, if this asset serves as a preparation for your retirement that kind of mindset will allow you to wait and hold, there are many other alts that you can pick and like what you are suggesting if you look from the last time low there are still chances that we can experienced this same scenario and then again the market will return and bring the strong bull back on track.

More on your own understanding and your own knowledge when you pick your side investing your money.

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June 22, 2022, 08:51:27 AM
 #40

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.

The market at this moment go up and down, you should hold it first because historically, every 4 years BTC must have a significant decline like in 2019. Just hold, for now, don't sell because of FOMO you'll earn back your money when the market recovers, if you lose a little investment for it then so be it. Be sure to do your research before buying anything. Understand, for example, the privacy risks that are associated with certain coins. I think just wait until 2024 BTC to the moon BTC halving has never failed to increase the price of bitcoin.

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